By Monday evening, several hundred million dollars in contracts had already been agreed to, and the Indianapolis Colts were among the teams getting in on the action. There’s likely more to come given the Colts’ needs and ample salary cap space, but let’s pause for a moment and recap the first day from Indianapolis’ perspective.

Some key dominoes fell for the Colts on Monday, including at wide receiver and in the secondary. Let’s dive in:

Breaking down the Devin Funchess deal

Indianapolis reached terms with Carolina free-agent receiver Devin Funchess on Monday evening, with the sides agreeing to a one-year contract worth $10 million plus $3 million in incentives, according to reports.

Is it a lot of money? Yes. But everything is relative. When it comes to wide receivers, this is the cost of doing business. And if you’re unwilling to commit to a player in the...